Davidson Kahn Capital Management LLC Buys 2,267 Shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Davidson Kahn Capital Management LLC raised its stake in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL - Free Report) by 47.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,053 shares of the transportation company's stock after buying an additional 2,267 shares during the quarter. Davidson Kahn Capital Management LLC's holdings in Old Dominion Freight Line were worth $1,167,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. American National Bank & Trust purchased a new position in Old Dominion Freight Line in the 1st quarter worth approximately $30,000. Whipplewood Advisors LLC bought a new stake in shares of Old Dominion Freight Line in the fourth quarter worth approximately $35,000. Itau Unibanco Holding S.A. lifted its position in Old Dominion Freight Line by 518.9% during the fourth quarter. Itau Unibanco Holding S.A. now owns 229 shares of the transportation company's stock valued at $40,000 after purchasing an additional 192 shares during the period. Murphy & Mullick Capital Management Corp bought a new stake in Old Dominion Freight Line in the 4th quarter worth approximately $51,000. Finally, CoreCap Advisors LLC lifted its holdings in shares of Old Dominion Freight Line by 98.2% during the 4th quarter. CoreCap Advisors LLC now owns 339 shares of the transportation company's stock valued at $60,000 after buying an additional 168 shares during the period. Hedge funds and other institutional investors own 77.82% of the company's stock.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Benchmark reissued a "hold" rating and issued a $102.00 target price on shares of Old Dominion Freight Line in a report on Thursday, June 12th. Stifel Nicolaus reduced their price target on shares of Old Dominion Freight Line from $188.00 to $175.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. The Goldman Sachs Group raised shares of Old Dominion Freight Line from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $190.00 to $200.00 in a report on Monday, June 2nd. Stephens restated an "overweight" rating and set a $180.00 target price (down from $200.00) on shares of Old Dominion Freight Line in a research report on Thursday, April 24th. Finally, Evercore ISI decreased their price target on shares of Old Dominion Freight Line from $164.00 to $156.00 and set an "in-line" rating on the stock in a research report on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $176.10.

Old Dominion Freight Line Trading Up 0.4%

ODFL traded up $0.61 on Tuesday, hitting $161.97. The company had a trading volume of 1,177,240 shares, compared to its average volume of 1,635,252. The business's fifty day simple moving average is $159.59 and its 200 day simple moving average is $173.16. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.01. Old Dominion Freight Line, Inc. has a 12-month low of $144.90 and a 12-month high of $233.26. The company has a market cap of $34.23 billion, a PE ratio of 30.39, a PEG ratio of 3.21 and a beta of 1.27.

Old Dominion Freight Line (NASDAQ:ODFL - Get Free Report) last released its earnings results on Wednesday, April 23rd. The transportation company reported $1.19 earnings per share for the quarter, beating the consensus estimate of $1.14 by $0.05. The firm had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.38 billion. Old Dominion Freight Line had a return on equity of 27.40% and a net margin of 20.04%. The company's revenue for the quarter was down 5.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.34 EPS. Equities research analysts expect that Old Dominion Freight Line, Inc. will post 5.68 EPS for the current year.

Old Dominion Freight Line Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Wednesday, June 4th were issued a dividend of $0.28 per share. The ex-dividend date of this dividend was Wednesday, June 4th. This represents a $1.12 annualized dividend and a yield of 0.69%. Old Dominion Freight Line's payout ratio is 21.01%.

Old Dominion Freight Line Company Profile

Old Dominion Freight Line, Inc operates as a less-than-truckload motor carrier in the United States and North America. The company offers regional, inter-regional, and national less-than-truckload services, as well as expedited transportation. It also provides various value-added services, including container drayage, truckload brokerage, and supply chain consulting.